Fans first got a sneak preview of their song when the trailer for the Elizabeth Banks-directed action movie debuted in late June.

This marks the second time Cyrus and Grande have duetted together. In May 2015, the pair released their rendition of Crowded House’s “Don’t Dream It’s Over,” which went viral and was performed at Grande’s One Love Manchester benefit concert.

“I’m thrilled that three of my favorite artists ended up doing a song for the film,” director Banks recently told PEOPLE about Cyrus, Grande and Del Rey’s single. “It’s really exciting. I can’t wait for people to see it, actually in full, in the film and to hear it when the single drops.“

“We were inspired by ‘Independent Women’ and Destiny’s Child with the last set of movies,” Banks said. “I feel really grateful that this incredible group of artists took inspiration from these films as well and felt like working together as women, and [it] thematically matched up with the exact movie that we were making.”

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